NZILE - New Zealand Institute of Legal Executives Inc.

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NZILE RULES

16. ACCOUNTS

16.1 The Council shall keep books of account for:

16.1.1 all sums of money received and spent by the Institute;

16.1.2 any sales and purchase of goods or property by the Institute; and

16.1.3 the assets and liabilities of the Institute.

16.2 The books of account shall be kept and maintained by the Treasurer who shall produce them to the Council on demand.

16.3 A copy of the accounts which are to be presented to the Institute in Annual General Meeting and a copy of the Auditor's Report shall be sent to every Member not less than 7 days before an Annual General Meeting. After the accounts and Auditor's Report are adopted by an Annual General Meeting copies shall be filed promptly by the Treasurer with the Registrar.

17. AUDITOR

The Auditor of the Institute shall be a member of the New Zealand Institute of Accountants and shall be appointed by the Institute at an Annual General Meeting. Any casual vacancy in the office of Auditor shall be filled by appointment of the Council.

18. BY-LAWS

The Institute may in general meeting make by-laws not repugnant to the Rules by a resolution approved by not less than two thirds of the Members present and voting in person or by proxy.

19. INDEMNITY

No Member shall be under personal liability for the acts or omissions of the Institute or any other Member, or for any contract or other obligation made or incurred by the Institute, but shall be liable for that Member's own fraudulent or negligent actions or omissions.